Along with the closing, four of the nine WDF board members have resigned, and the remaining underwent relocations. As a result, the newly constituted board is composed as follows:

Julían Díaz González, chairman of the board

Eugenio Andrades, chief executive officer

Carla Cico, independent

Laura Cioli, independent

Lynda Christine Tyler-Cagni, independent

José Antonio Gea

Luis Marin

Paolo Roverato

Andreas Schneiter

Dufry is now preparing the Mandatory Tender Offer (MTO) for the remaining 49.9% of the WDF shares as required by Italian law and will file the offer document for approval by the Consob. The offer price for the MTO will be Euro 10.25 as paid to Edizione.

Dufry will start to fully consolidate WDF from August onwards and will launch its integration process shortly.